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Sovereign Wealth Fund: Senate invites CBN to explain differential exchange rates for projects

The Senate Committee on Finance has invited the Central Bank of Nigeria (CBN) to explain the rationale behind the exchange rates it used for three key projects under the Presidential Infrastructure Development Fund (PIDF) being funded by the Nigeria Sovereign Investment Authority (NSIA) across the country. The PIDF is earmarked from dollar denominated Sovereign Wealth […]
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Senate assures maritime sector of adequate funding

The Senate Committee on Marine Transport has acknowledged the strategic importance of the maritime sector to the economic prosperity of Nigeria. This is as it assured the sector of adequate budgetary provisions on yearly basis. Giving the assurance at a media chat during the weekend, the Chairman of the Committee, Senator Mohammed Danjuma Goje (APC/Gombe […]
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We Are Re-positioning Culture and Tourism Sector, Minister Tells Senate Committee

The Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated the commitment of the Ministry to bring the Culture and Tourism Sector into the mainstream of the economy, in line with the overall goal of the Administration to diversify the economy and create jobs.The Minister stated this in Abuja on Thursday, during the oversight visit to the Ministry of